iShares iBonds Dec 2034 Term Treasury ETF (IBTP) Performance
IBTP total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −2.3% since Dec 31, 2025
- 1 year
- −2.6% total return
- Since first price
- +6.1% since 2024
IBTP trailing returns vs AGG, TLT, SPY
| Period | IBTP total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +1.2% | +0.9% | +0.9% | +1.5% | −1.0% |
| 3 months | −0.9% | −1.9% | −0.4% | −1.0% | +3.2% |
| 6 months | −2.5% | −4.5% | −1.5% | −3.8% | +7.8% |
| YTD | −2.3% | −5.2% | −1.0% | −3.4% | +12.3% |
| 1 year | −2.6% | −6.5% | −1.1% | −6.9% | +14.4% |
| Since inceptionJun 12, 2024 | +6.1% | −2.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: IBTP vs AGG
From Jun 12, 2024: IBTP grew to $10,613, AGG to $10,802.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IBTP returns by calendar year
1 of 1 full years positive. Best 2025 (+8.2%), worst 2025 (+8.2%). 2026 is year to date.
IBTP annual returns table
| Year | IBTP | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −2.3% | −6.5% | −1.0% | −3.4% | +12.3% |
| 2025 | +8.2% | −3.6% | +7.2% | +4.3% | +17.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
IBTP largest drawdowns
Now 4.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 16, 2024 | −7.4% | Jan 14, 2025 | Sep 4, 2025 | 4 months | 12 months |
| Feb 27, 2026 | −6.5% | Sep 30, 2026 | not yet | 7 months | 8 months so far |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
IBTP risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +1.7% |
| Volatility (annualized) | 5.8% |
| Sharpe ratio | -0.38 |
| Sortino ratio | -0.47 |
| Best month | +3.0% |
| Worst month | −3.4% |
| Best 12 months | +8.2% |
| Worst 12 months | −3.5% |
| Positive months | 59% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
IBTP rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 17 | −3.5% | +2.9% | +8.2% | 88% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
IBTP performance overview
iShares iBonds Dec 2034 Term Treasury ETF (IBTP) returned −2.6% over the past year, with distributions reinvested. Since its first recorded price on Jun 12, 2024 it has returned +6.1%. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −7.4%, from Sep 16, 2024 to Jan 14, 2025, and it took 8 months to get back to the old high. Volatility has been 5.8% a year.
Related: IBTP chart, IBTP dividends, IBTP bond profile. See the IBTP overview for the latest quote and fund facts.
IBTP performance FAQ
What is the IBTP return over the past year?
IBTP returned −2.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 6.5%.
How much would $10,000 invested in IBTP be worth?
$10,000 invested in IBTP at its first recorded close on June 12, 2024 would be worth about $10,613 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of IBTP?
The largest peak-to-trough decline was −7.4% between September 16, 2024 and January 14, 2025. It recovered to the old high on September 4, 2025, 8 months after the bottom.
How volatile is IBTP?
Over the past history IBTP had an annualized volatility of 5.8% and a Sharpe ratio of -0.38 (excess return over 1–3 month T-bills per unit of risk).